Stockland throws support behind proptech startups

The dozen proptechs were selected from a group of 60 founders from 40 different startups and 16 entrepreneurs, and they will now take part in the six month Stockland Accelerator Program.

These founders will have the opportunity to work with Stockland and BlueChilli to refine their proptech idea and develop it into a technology company, with $38,000 in pre-seed investment and up to $500,000 in follow-on funding.

Stockland marketing and technology officer chief innovation Robyn Elliott said this program aims to find and develop new business ideas that could reshape the property industry.

“The founders were selected based on the strength of their problem space, their capability as founders, and their fit for Stockland’s business and customer base. We’re very excited to begin this next stage with BlueChilli and look forward to working with these new startup businesses to identify pilot opportunities across the Stockland Portfolio.”

With more than 500 applications, 40 shortlisted proptech businesses were invited to take part in a two-week intensive bootcamp with BlueChilli’s product, engineering and entrepreneur-in-residence teams.

During the six-month program, each of these 12 businesses will receive hands-on support to develop their idea with the help of expert product managers, technology developers, mentors and a co-working space with BlueChilli in Sydney, Melbourne or Brisbane.

BlueChilli CEO Sebastien Eckersley-Maslin said, “We have an incredibly diverse group of entrepreneurs and ideas, hardware, software, AI and data and I’m really looking forward to building strong companies with the support of Stockland. Innovation does not happen in a vacuum, and the collaboration between leading corporates, like Stockland, and startups is essential in creating success in our ecosystem.”

The start-ups selected for the Accelerator program are:

Early Match – Ewan Le Bourhis – using predictive models to simulate which properties should be back on the market in the future.